BEDZ vs. TGLR ETF Comparison

Comparison of AdvisorShares Hotel ETF (BEDZ) to LAFFER TENGLER Equity Income ETF (TGLR)

BEDZ

AdvisorShares Hotel ETF

BEDZ Description

The investment seeks long-term capital appreciation. The fund is an actively ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the hotel business. It may also invest in companies involved in other lodging and travel-related services. The fund invests primarily in U.S. exchange listed equity securities, including common and preferred stock and ?ADRs. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.27

Average Daily Volume

409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$29.82

Average Daily Volume

1,101

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEDZ	TGLR
30 Days	8.27%	5.39%
60 Days	17.89%	13.94%
90 Days	9.50%	7.12%
12 Months	29.43%	32.64%

0 Overlapping Holdings

	Symbol	Grade	Weight in BEDZ	Weight in TGLR	Overlap

BEDZ Overweight 22 Positions Relative to TGLR

Symbol	Grade	Weight
TCOM	A	6.07%
NCLH	C	5.8%
RCL	B	5.53%
BYD	B	5.09%
MCRI	B	4.99%
BKNG	B	4.93%
WH	C	4.79%
XHR	A	4.6%
INN	A	4.56%
EXPE	B	4.56%
PK	D	4.48%
TH	F	4.46%
APLE	B	4.34%
VICI	C	4.34%
IHG	B	4.29%
RHP	B	4.19%
HST	D	4.13%
MAR	A	4.04%
MGM	D	3.59%
HLT	A	2.94%
GLPI	C	2.9%
H	B	2.43%

BEDZ Underweight 10 Positions Relative to TGLR

Symbol	Grade	Weight
ORCL	A	-4.86%
AXP	A	-4.62%
AVGO	B	-4.54%
ABBV	C	-4.43%
MSFT	D	-4.39%
JPM	C	-4.38%
WMT	A	-4.29%
CARR	A	-4.23%
RTX	A	-3.99%
HD	A	-3.97%

BEDZ: Top Represented Industries & Keywords

Industries: REIT - Hotel & Motel Lodging Leisure Resorts & Casinos REIT - Diversified Conglomerates Travel Services